The Laurens advertiser. (Laurens, S.C.) 1885-1973, 1887-08-31
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The Cotton Movement.

The New York Financial Chronicle, in
It's review OF the movement of the cotton
crop for the week ending on the night
of August II, says that the total receipts
have reached 9,GiS bales, against 7,27O
bales last week, 100 bales the lrc-
vious week, and 2,jSl bales three weeks
since; making the total receipts since
the LIST Scptcmhcr 1856, 5,223, 097 bales,
against 5,33GGlS bales tor thc same
period Of 1889 6, showing decrease since
September |, lSSG, OF ia, 52l bales.
The old interior stocks have decreased
during the week l,GlS bales, and were.
Friday night, -, G6I bales less than at
the same period last year. The receipts
at the same towns have been SOJ bales
less than the same week last Year, aud
since September the receipts ut all the
towns arc 73,25S bales less than for the
same time III 1856.
The total sulcs for forward delivery
for the week are 3i2, 900 bales. For i'm
mediate delivery the total sales foot up
9,259 bales, Including 1, ,lS1 for export,
3,Oii Tor home consumption.
The exports COR the week reach total
OF -, III bales, of which u, $50 wcrc to
Great Britain, 100 to France, and 2,37l
to the rest Of the continent.
Tho imports into continental ports
Tor the week have been 10000 bales.
Those figures indicate un increase in
the cotton in sight Of -, 100 bales ns
compared with the same date of 1856,
an increase OF J3,O21 bales as compared
with the corresponding date OF 1850,
and decrease OF BIZ, 800 bales as COM
pared with 1854.
The total rcccpts from the plantations
-. .. roo ,.,.,
bales; in 1850 were 5.3G9,3 bales; in
1881 5wcrr i,7lG,O9O bales Although
the receipts al the outports the pnst
week wore 9,GlJ bales, the actual move
mcnt from plantations was only S,GG8
stocks ut the interior towns Last wear
the receipts iroIn the plantations for the
same week were ash bales, and for
1850 they were $3.50 bales.
The foregoing shows the weekly con
sumption IN EUropc is now no, 900 bales
OF TOO pound, each, against l3S, coo
bnlca oi the same weight Mt the CORES
pomding time last year. The total spin
mcrs stocks in Great Britain and on the
continent nave decreased l33, 600 bales
during tho month, and arc nov 1000
bales IN excess Ot last season.
The Chronicle says that cotton for IN
turc delivery at New York has been quiet
for the week under review. The alb
sencC OF actr,c inilucncCS-o rather with
active influences nearly balancing each
other has prevented any wide tluctua-
tlOns. Tho dominant spirit of the cot
ton exchange has been bcarish; and yet
but small impulse was required to
cause the "ghUrtS' to cover with some
appearance Of c0rcrncSs. 1t was not
however until "Wednesday afternoon,
when the fail business for export and
home consumption on that day was re-
ported, tAat the bulls showed any degree
of contid,ucG. Then the continued
small receipts at interior towns, the
small stocks South, and the rapid rcduc-
tion OF supplies in New York, together
with the growing belief that New Eng
land spinncrs are carrying but small
stocks of cotton, caused a a. icli advance
with comparatively free buying for Sop
tcmbcr. Thursday til" @ vas very little
change; the speculation was sluggish,
but the distant options attracted more
attention. Friday the market opened
dull, but soon became active and buoy
ant ON better closing at Liverpool and
the strong statistical position of our
home markets. Cotton on the spot has
shown a good degree of activity, the
buying having been quite free for OK
ports as well rs for home consumption.
Quotations were reduced lc. on Monday
and advanced l-l6c. on Thursday. Fri-
day there was again liberal bushes for
export, with steady buying for spinncrs
and the market closed firm at 8 ll-lGc.
for middling upands.
The Chronicles weather reports, which
are very full and accurate, indicate that
over very large portion OF Texas drouth
has caused considerable damage, and
that in some sections of other States in
jury is resulting through worms, rust and
shedding. In the remaining districts,
however, and in the Atlantic States in
particular, the crop condition continues
quite satisfactory. Picking is making
good progress
II should he GsnernlIy Known